Property Name:Plaza on BroadwayLocation: Pearland, TXProperty Type: Medical Office/Professional/RetailTransaction Type: Acquisition FinancingLoan Amount: UndisclosedDetails: “Our borrower required non-recourse, fixed interest rate financing to facilitate their acquisition of the subject property. The transaction was challenging because of the tenant-in-common ownership structure, and because one of the owners was acquiring the center as part of a reverse 1031 exchange. Thanks to highly competent counsel representing both the borrower and lender, these challenges were met in a timely manner and thus providing a significant income tax savings to our client.”More Info:
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